Red Wind Casino in Reno, Nevada, is set to open in 2019, but it will only accept cash.
According to a recent story by the Reno Gazette-Journal, the casino will offer only casino chips and credit cards.
The casino will only pay players who deposit cash, with a minimum of $500.
The Nevada Gaming Control Board said the state would not issue any permits or licenses for Red Wind to operate, which means the casino is expected to close down before the end of 2020.
The Las Vegas Review-Journal reported that Red Wind will have a $500 minimum for deposit and $1,000 for every $1 deposited into its account.
The company plans to allow players to use their debit cards to play.
Red Wind Casino is located in the Las Vegas-area city of Reno.
The news comes as Nevada becomes the second state to legalize casino gambling, following New York.
Nevada legalized the industry in 2012, and the casino industry in Nevada is expected by 2020 to be worth $3 billion, according to the Nevada Gaming Commission.
Nevadans can also now buy online through the state lottery, which will allow Nevada residents to gamble at the same number of slots at a higher price.
The casinos are expected to open by the end, according the Reno-Sparks International Airport.